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Exhibit 99-e
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1993
NORDSON EMPLOYEES' SAVINGS TRUST PLAN
(Full title of the Plan)
NORDSON CORPORATION
(Name of issuer of securities held pursuant to the Plan)
28601 Clemens Road
Westlake, Ohio 44145
(Address of principal executive office)
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ITEM 1. CHANGES IN THE PLAN.
No material changes in the provisions of the Plan were made
during the fiscal year.
ITEM 2. CHANGES IN INVESTMENT POLICY.
No material changes in the investment policy of the Plan were
made during the fiscal year.
ITEM 3. CONTRIBUTIONS UNDER THE PLAN.
For the fiscal year, the issuer accrued contributions of
$1,484,944 to the Plan. The issuer's contribution is an amount equal to 50% of
the participants' contribution of 1% to 6% of base salary (as defined by the
Plan).
ITEM 4. PARTICIPATING EMPLOYEES.
There were approximately 1,242 employees participating in the
Plan on December 31, 1993.
ITEM 5. ADMINISTRATION OF THE PLAN.
(a) The Plan was administered by the following persons,
in their capacity as members of the Retirement Committee of the issuer:
NAME AND ADDRESS POSITION WITH ISSUER
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Edward P. Campbell Vice President
Nordson Corporation
28601 Clemens Road
Westlake, Ohio 44145
William P. Madar President and Chief Executive Officer
Nordson Corporation
28601 Clemens Road
Westlake, Ohio 44145
Thomas L. Moorhead Vice President-Law and Assistant
Nordson Corporation Secretary
28601 Clemens Road
Westlake, Ohio 44145
Nicholas D. Pellecchia Vice President-Finance and
Nordson Corporation Treasurer
28601 Clemens Road
Westlake, Ohio 44145
(b) Members of the Retirement Committee received no
compensation from the Plan.
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ITEM 6. CUSTODIAN OF INVESTMENTS.
(a) Wachovia Bank & Trust Company, N.A., 301 North Main
Street, Winston-Salem, North Carolina 27150 acts as custodian for all
investments under the Plan except for the investments of the Nordson Stock Fund
and the Bond Fund. The investments of the Nordson Stock Fund are held at
Society National Bank, 127 Public Square, Cleveland, Ohio 44114. The
investments of the Bond Fund are held at the Pacific Investment Management
Company, 3400 Peachtree Road, Atlanta, Georgia 30326.
(b) No compensation was paid by the Plan to Wachovia Bank
& Trust Company, N.A., Society National Bank, or Pacific Investment Management
Company.
(c) The officers and employees of Wachovia Bank & Trust
Company, N.A. are covered by a $80 million Financial Institutions Bond.
The officers and employees of Society National Bank are
covered by a Financial Institutions Bond and has a limit of $40,000,000 per
occurrence with an $80,000,000 policy aggregate, subject to a $5,000,000
deductible.
Pacific Investment Management Company maintains a $2,700,000
fidelity bond against acts of larceny and embezzlement by officers and
employees as required by Rule 17g-1 of the Investment Company Act of 1940.
ITEM 7. REPORTS TO PARTICIPATING EMPLOYEES.
As of March 31, June 30, September 30, and December 31, a
statement is sent to each participant in the Plan. The statement reports all
transactions to the participants' account during the preceding three month
period, and the status of the account balance as of the end of the period. In
addition, each participant in the Plan that has money invested in the Nordson
Stock Fund receives, on an annual basis, a copy of the issuer's Annual Report
to Shareholders.
ITEM 8. INVESTMENT OF FUNDS.
The assets of the Plan are commingled with the assets of the
Nordson Employees' Savings Trust to form the Nordson Corporation Master Trust.
Wachovia Bank & Trust Company, N.A., the trustee of the Plan, directs the
assets to Investment Managers as requested by the participants of the Plan. No
brokerage commissions have been paid by the Plan.
ITEM 9. FINANCIAL STATEMENTS AND EXHIBITS.
In accordance with Rule 12d-21, the financial statements and
exhibits required by Form 11-K with respect to the Plan will be filed as an
amendment to the annual report within 180 days after the Plan's fiscal year
end.
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Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
trustees (or other persons who administer the Plan) have duly caused this
annual report to be signed by the undersigned thereunto duly authorized.
NORDSON CORPORATION
NORDSON EMPLOYEES' SAVINGS TRUST PLAN
By /s/ Nicholas D. Pellecchia
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Nicholas D. Pellecchia
Vice President-Finance and Treasurer
Nordson Corporation
Date: January 21, 1994
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